Wednesday, December 5, 2007
The euro/dollar sinks on Wednesday once getting the top of its getting higher consolidation. The pair give up all of the gains made a day previous and got jammed in an inside range. So the risk is currently on the upside. Initial conflict is at 1.3000 and after that at 1.3030. Above Tuesday’s high of 1.3044 resistances comes at 1.3060 and 1.3090, And then next level is 1.3130. Distant conflict is at 1.3240. Key sustain is at 1.2940 from the base of the growing consolidation. Under 1.2925, the pair has sustained at 1.2880 and keep strong sustain at 1.2820. A close under this level would indication a further major decline to 1.2760.
Refer: http://www.fxstreet.com/technical/analysis-reports/daily-market-commentary/2007-12-05.html
Refer: http://www.fxstreet.com/technical/analysis-reports/daily-market-commentary/2007-12-05.html
posted by stifxonline
@ 3:37 AM
permanent link | Post a Comment |
0 Comments:
Post a Comment
<< Home